Post
Topic
Board Gambling discussion
Re: The Pros and Cons of Bitcoin Gambling
by
Cling18
on 25/06/2022, 21:27:32 UTC
^ On this perception, you are not a gambler, you are a holder because you care about the value of BTC.
A gambler will not care about a value when it will drop or up, if they gamble in crypto after they purchase, they gamble it directly to the gambling casino that they like to gamble there is no loss of the value because you are purchasing at a lower price and in gambling casino if you will bet 1 BTC you will win 1 BTC even if the price has drastically down. Volatility is nothing if you are a gambler, but if you care on it you are a holder.
Agree with you. there is no worry for gambling addicts when the price of bitcoin falls or when bitcoin goes up, of course they will bet and bet as usual. and I experienced this myself because I play gambling only with Doge crypto currency, I don't care if the Doge goes up or down when I want to play gambling I always buy Doge and make bets. maybe in this context only newbies in crypto gambling will have a problem with this because they see the estimated value of the asset falling since the market crash and measure Btc to fiat.

Yes, the value of cryptocurrency won't affect you if you're an old-time gambler because you already know how to deal with it. Old gamblers focus on playing and not on the volatility of cryptocurrencies unlike traders and investors because we focus on winning here regardless of the current market situation.